The Battle To Control Religare News
What next for the Burmans now that they have won the battle for Religare
After an 18-month struggle, the Burman family’s open offer for Religare has concluded and Rashmi Saluja is out of the way. The family may now need to gather funds to strengthen the various businesses under the Religare fold.
6 min read17 Feb 2025Religare takeover battle: Courts must trust regulators’ wisdom
The problem of delay is not limited to takeover cases alone. From mergers to insolvency, litigations continue to make a mockery of law.
6 min read13 Feb 2025Inform regulators of Saluja’s cessation as chairperson, Religare board tells company secretary
Religare Enterprises’ independent directors have requested the company secretary to inform authorities of Rashmi Saluja’s termination as chairperson after shareholders rejected her new term. They will temporarily take on her duties and seek a successor in line with regulatory requirements.
3 min read11 Feb 2025Rashmi Saluja stares at ouster as chairperson after losing HC appeal to bar Religare from voting on her reappointment
Mint reported on 4 February that around a third of the financial services company’s investors might be voting against Saluja’s reappointment as director in the lead up to the company’s AGM. This drastically reduces her chances of continuing at the helm of the company.
3 min read6 Feb 2025Takeover twist: Now, Rashmi Saluja sues Religare Enterprises
The lawsuit, perhaps one of the the first of its kind, seeks to block the annual general meeting on 7 February at which shareholders will vote on Saluja continuing as Religare chairperson.
5 min read31 Jan 2025Two Religare directors criticise haste in revealing Gaekwad bid; Saluja moves high court
Religare Enterprises’ independent directors are unhappy with the company’s rapid announcement of Danny Gaekwad’s late bid. They argue that the company secretary acted improperly, potentially misleading shareholders during the open offer process, and called for more transparency.
4 min read30 Jan 2025Religare takeover saga takes a fresh twist with the entry of a mystery Bangkok investor
Hours after a Bangkok-based minority shareholder approached the Delhi High Court to halt the Burman family’s move to acquire a larger stake in the financial services company, India’s markets regular returned a US-based businessman’s open offer for Religare Enterprises.
4 min read28 Jan 2025Danny Gaekwad’s ₹5,000-crore open offer for Religare unlikely to pass muster with Sebi
As the Burman family’s open offer for Religare looms, a competing bid from Digvijay Gaekwad adds complexity to the situation. Experts suggest that Gaekwad’s proposal may face significant hurdles, raising doubts about its credibility.
6 min read27 Jan 2025Who is Danny Gaekwad—the US tycoon taking on the Burmans’ open offer for Religare?
The Baroda-born American real estate and hospitality entrepreneur has substantial political connections in the US, and recently endorsed Donald Trump in his campaign to become US president.
3 min read26 Jan 2025Key investors question PIL that led to HC stay on Religare AGM
An investor, Vijayant Mishra, argued in the petition that a takeover of Religare by the Burman family will concentrate the ownership of the company in the hands of a few, which is against the interests of minority shareholders.
5 min read30 Dec 2024Popular Topics
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